Archives for February 10, 2017

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Mead Johnson Nutrition agrees Reckitt Benckiser takeover

By Jim Cornall

Reckitt Benckiser Group plc (RB) has signed a merger agreement with Mead Johnson Nutrition Company (Mead Johnson) under which Mead Johnson shareholders will receive $90 in cash for each share of common stock, valuing the total equity at $16.6bn.

Elite Agro takes over Marmum Dairy in UAE

By Jim Cornall

Dubai Investments PJSC has announced that its wholly-owned subsidiary Dubai Investments Industries has divested its 100% stake in Marmum Dairy Farm and its distribution unit United Sales Partners (USP) LLC to UAE-based Elite Agro LLC, a subsidiary of...